elliottwavegreen

Gold continues sideways behavior in a triangle

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold continues sideways behavior in a triangle. Gold is completing a combination correction, wave (a) is a double zigzag , wave (b) is an expanded flat and wave (c) is going to be a triangle with two sub waves to go. The price extreme has occurred at 1187 , a price below the support of 1187 would tell that my labeling is wrong. Happy trading.
Comment: Gold is going to retest 1187, gold is forming a triangle in 15 minute chart as wave 4 of an ending diagonal, please adjust your trade accordingly.
Trade closed manually

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